The Financial News for the Games Industry Looks Much Better in the Long Run

The most recent round of monthly losses may have made more than a few video game executives cry in their vichyssoise, but the long term reports offer a much brighter picture for the industry.
Despite a massive

The most recent round of monthly losses may have made more than a few video game executives cry in their vichyssoise, but the long term reports offer a much brighter picture for the industry.

The most surprising part of the forecast report is the chief source of those profits. The numbers seem to be moving from console markets to PC and mobile and smartphone gaming markets. PC revenue alone is now expected to surpass $25 billion in five years.

The biggest reason for the downgrade in the consoles is, of course, the lack of a new system from the three major competitors. DFC Intelligence analyst David Cole said once Microsoft, Sony and Nintendo release their next-gen consoles, they expect to see an upswing in 2014 and 2015.

Online access and distribution, however, have been the biggest contributor to the optimistic forecast. Online markets are expected to rise to $35 billion in 2017 and the DFC predicts that around 39 percent of console revenue will come from various online revenue sources.